More details on Florida's biotech deal

Wednesday, October 15, 2003

Florida landed a big one when the governor announced the Scrpps Research Institute would be expanding in the state. Scripps is the largest private, nonprofit research institute in the country and a major anchor to San Diego's biotechnology industry.

The governor is calling the state legislature to pass a $310 million package for the Scripps deal. In addition, the governor wants another $190 million for an opportunity fund to pursue mega-deals. (Texas recently adopted legislation to provide the governor with a similar fund.)

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posted by Ed Morrison |

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